E&A Standard Trading System - page 27

Gabriel Mejia
249
Gabriel Mejia  
nirvaman:
here it goes

you can put the 0.25 level in the metatrader. look at the options in the occilator. there is a way to put lines there.

why 0.25???? because is the level I have seen by visual recognition that dont let too many good trades out .

but the higher the level the better the trade.

Gabriel Mejia
249
Gabriel Mejia  

the dark side of the beast

ok. as I am a fan of the system, I like to see the bad things about it too, so we can work on them. so I will discuss the bad things of the system.

the famous repainting.

I am not sure what people mean by "repainting" but I think that they refer to the situation when the blue or red arrow moves like a animated .gif image in the bar until the bar is totally formed. so you cant not enter in that bar because the final position of the blue or red arrows are not known until the bar has filnally formed. so lets give a tragic example. look at he image "trouble.jpg". here you get the alert when the bar opens, but you can noty

Files:
trouble.jpg 159 kb
Gabriel Mejia
249
Gabriel Mejia  

the dark side of the beast

ok. as I am a fan of the system, I like to see the bad things about it too, so we can work on them. so I will discuss the bad things of the system.

the famous repainting.

I am not sure what people mean by "repainting" but I think that they refer to the situation when the blue or red arrow moves like a animated .gif image in the bar until the bar is totally formed. so you cant not enter in that bar because the final position of the blue or red arrows are not known until the bar has filnally formed. so lets give a tragic example. look at he image "trouble.jpg". here you get the alert when the bar opens, but you can not enter there because the bar is not totally formed, so you dont know the final position of the signal.

Files:
trouble.jpg 159 kb
Gabriel Mejia
249
Gabriel Mejia  

here goes another tragic example

this is the problem when you use a high timeframe. bars can be very large.

I will check some of the ideas that DREW gave me, and may be go back to a lower time frame.

this examples that I am showing you guys were easy to find. that means that it is easy to happen.

I will look for a variable stoploss and a variable target , but no subjective to my criteria. in all this trades I showed, you can make money too if you get out early. the problem is to create a good way to get out before the good trade becomes a bad trade. here we will need a little money managment. may be move the stoploss when you have won 20 pips already. I will try that. i will use the philosofy of "never make a good trade become a bad one". I will breake even if I can.

Files:
trouble2.jpg 271 kb
Gabriel Mejia
249
Gabriel Mejia  

my toughts about forex

this is sooo hard in forex to find a system in which you find a stoploss little than the target, and where the winin ratio greater than 50%. is incredible. is almost like it is not possible. seems like some kind physics or something.

the systems that show a picture like next one always use a kind of dangerous martingale strategy, or a stoploss of 1000 pips . No one develops a system that uses a variable stoploss and a variable target, where stoploss is less than the target, and the winning ratio of the trades is larger than 50 or 60%.

thats my dream.

the problem is that people develops systems based in the trend of based in the range of supports or resistances, and the evil god of forex act like a naughty little boy that when your system is working fine in trending, he starts to chopppy it, and when you start to do it fine in choppy he starts to make it trend. you lose lots of money while trying to identify the new behavior.

sorry for this commnents. trying to take it out of me.

I hate that you erase 10 succesfull trades with 2 bad trades.

I still like DRWES system.

Gabriel Mejia
249
Gabriel Mejia  

ok guys

the last tip. only use this system with low spread pairs.

EUR/USD

GBP/USD

USD/JPY

EUR/JPY

The rest of the pairs are crap.

I will not post anymore until I see someone is reading this

DREWP
201
DREWP  

nirvaman,

Good work, I only work with low pip spread pairs as well. I noticed in your chart that you are working on M1. Why is that?

-DREWP

Gabriel Mejia
249
Gabriel Mejia  
DREWP:
nirvaman,

Good work, I only work with low pip spread pairs as well. I noticed in your chart that you are working on M1. Why is that?

-DREWP

Hi drew.

M1????? where ????? where?????

aaaaa. you mean in the backtest of metatrader I posted. nooooo thats not your system. thast another EA, thats explains martingale. thats a bad dangerous EA.

jturns23
442
jturns23  

Nirvaman, in your picture showing the false signal, I wouldn't have made that trade. Here's why, it was very close to the Pivot. Its very tough trading any system like this near Pivots and Support and Resistance lines.

DREWP
201
DREWP  

nirvaman,

Sorry , I missunderstood. Here is a chart of what I am working with.

-DREWP

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asdf.gif 27 kb